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The Unbiased Petroleum Entrepreneurs Affiliation of Nigeria (IPMAN) has defined that the choice of a few of its members to close down their operations was as a result of they not wish to function at a loss in addition to not wish to function beneath hostile situations.
The closure of those petrol stations has led to the shortage of the product and the looks of lengthy queues of automobiles at these stations on Monday.
This new improvement was confirmed by the Chairman of IPMAN, Lagos Satellite tv for pc Depot, Ejigbo, Mr Akin Akinrinade, to journalists in Lagos.
Akinrinade mentioned whereas the federal government had fastened N165 per litre because the pump worth of Premium Motor Spirit (PMS), the present realities out there confirmed that the minimal the product must be offered at a retail worth of N180 per litre on the gasoline stations.
Why the present petrol shortage in Lagos
Akinrinade mentioned that the present shortage being witnessed in Lagos is as a result of a majority of petrol stations within the state are owned by IPMAN members who’re discovering it troublesome to function in a hostile setting.
- He mentioned: “As you’ll be able to see, the queues are again and that is the second time we’re witnessing it this 12 months.
- “Nevertheless, this one is peculiar within the sense that for a specific purpose, IPMAN members determined to close their stations. “This isn’t as a result of we’re on strike, however as a result of we will not do enterprise beneath this situation.”
- Akinrinade mentioned IPMAN members must be getting provide from the Pipelines and Product Advertising Firm (PPMC) and had made funds of over N1 billion since October 2021.
- He mentioned the merchandise had been but to be delivered forcing members to patronise personal depots for merchandise whereas on the identical time servicing loans borrowed from banks for his or her cash with PPMC.
The IPMAN boss mentioned, “Now, these personal depot house owners have elevated the ex-depot worth of PMS from N148.17 to N162 per litre. That’s the quantity they’re promoting to us.
“If you issue within the dealing with cost, transportation and operating value of our stations, you will notice that even inside Lagos, the minimal we will retail petrol is about N180 per litre.
“We would like Nigerians to know that IPMAN members are patriotic residents and we’re not out to sabotage the hassle of presidency as a result of we all know this hike in petroleum merchandise costs is just not peculiar to Nigeria.
“The continued battle between Russia and Ukraine has disrupted the provision chain and the Nigerian authorities is doing its greatest to mitigate its influence on our nation.”
IPMAN proffers options to the present shortage
Akinrinade, as a part of the answer to the issue, urged the federal government to direct the personal depots to revert to the previous ex-depot worth for PMS or decontrol the downstream sector to permit market forces to find out the value.
- He additionally requested the federal authorities to hurry up the rehabilitation of the nation’s refineries in an effort to improve the home refining capability in addition to known as for the resumption of pumping merchandise by way of the PPMC Ejigbo depot, which might allow IPMAN members to get provide at a less expensive value.
In case you missed it
- Recall that Nairametrics had earlier reported that gasoline shortage had returned to some components of Lagos, as lengthy queues of automobiles resurfaced in some filling stations alongside Lagos Ibadan expressway, Ikorodu street, and Ikoyi on Monday.
- It was reported that whereas a number of filling stations had been shut, there have been uncommon lengthy queues of automobiles at just a few filling stations in Berger, Alausa, Ojodu, Ikoyi, Obalende and Victoria Island on Sunday night and Monday morning making an attempt to purchase petrol.